The price of STARBITS was falling down to fraction of its soft peg over the last few months. During the last few weeks, prices have been moving towards the familiar territory of 10,000 STARBITS being worth over 3 HIVE. The prices are still a mere 1/3 of those "old days". At least the trajectory has been up. This is a reassuring sight for a STARBITS Millionaire player who has been keeping 1 Million STARBITS on HIVE-Engine along with a significant mount locked up in Record Staking.

200% Gains is Nothing to Laugh At

Let's not forget the fact that we are deep in a bear market (although we might see some positive change after September 15th). You ca follow @risingstargame to see what they have been doing to turn the tides with tokenomics and UI/UX improvements. Yes, those little extra distance you go with educating users and making things easier can be a game changer; especially for a blockchain game.

You can read about the most important changes here and here which I consider to be the primary cause behind the current performance of STARBITS. This is not mere correlation. There is a good sense of logic behind my assumptions. The changes the team made were specifically made with STARBITS price in mind. Therefore it is fair to say that the developers had their smart theories proven giving yet another reason to be positive regarding the future of @risingstargame

2.1 Million STARBITS Burned Today

This is not a large amount compared to 1,901,098,999 STARBITS currently in circulation. The goal should be to keep the inflation minimal or if possible; make STARBITS deflationary. Burns definitely help to achieve this goal.

Where The (Soft) Peg Come From

It is possible to use 10,000 STARBITS to purchase Booster Packs with 5 HIVE. This is what create this (Soft) Peg. If you want to buy Booster Packs at a discount, you buy STARBITS first creating a pull towards 5 HIVE price for 10,000 STARBITS. It is a simple idea that can minimize opportunity cost of not having some liquid HIVE when the price pump. If STARBITS is soft pegged to HIVE, it is possible to capture the gains from price appreciation of HIVE without the facing the 13 week power down (which is a great feature that does help to keep HIVE more secure).

Few Links to Mention

• Official Rising Star Guide - Episode 1
• DHF Proposal to Bring More HIVE Users
• Start Playing The Game

Happy Investing!

Posted Using LeoFinance ^Beta